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14764 Sylvan Apartments 14764 Sylvan St 8 Unit Apartment Building $5,394,357 CAD ($674,295 CAD/Unit) 4.52% Cap Rate Van Nuys, CA 91411
Investment Highlights
- Reduced deferred maintenance and capital expenditure requirements compared to older Valley inventory.
- In-place income with additional value-add through organic rent growth.
- With a pro forma rent of ~$285K, this has potential to grow to ~$310K at market rents.
- Eight 2 Bed / 2.5 Bath Townhouse units averaging ±1,294 SF, appealing to families and long-term tenants.
- Centrally located in the San Fernando Valley with strong renter demand and accessibility to major employment centers.
- Each unit has its own individual APN, offering a unique opportunity for future condominium conversion and potential value enhancement
Executive Summary
Broker of Record
David Harrington
License # 02168060 (CA), 01320460 (CA)
Matthews Real Estate Investment Services, LLC
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
David Harrington
License # 02168060 (CA), 01320460 (CA)
Matthews Real Estate Investment Services, LLC
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Property Facts
| Price | $5,394,357 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $674,295 CAD | Building Class | A |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 4.52% | Building Size | 10,350 SF |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2007 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LAR3 | ||
| Price | $5,394,357 CAD |
| Price Per Unit | $674,295 CAD |
| Sale Type | Investment |
| Cap Rate | 4.52% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | A |
| Lot Size | 0.20 AC |
| Building Size | 10,350 SF |
| No. Stories | 3 |
| Year Built | 2007 |
| Opportunity Zone |
Yes |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Balcony
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 8 | $4,055 CAD | 1,294 |
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Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2241-009-029 | Improvements Assessment | $255,429 CAD |
| Land Assessment | $109,438 CAD | Total Assessment | $364,867 CAD |
Property Taxes
Parcel Number
2241-009-029
Land Assessment
$109,438 CAD
Improvements Assessment
$255,429 CAD
Total Assessment
$364,867 CAD
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14764 Sylvan Apartments | 14764 Sylvan St
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